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Jeremy is an economics student who loves hamburgers. He could eat any number of them for dinner, but he gets a really bad stomach ache after eating a certain amount. In fact, his u
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ
explain how a perfact market responds to changes in consumer demand?
COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
alternative theories of trade
the short run can be defined as any period of time
Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?
describe scitovosky''s double criterion
Challenges and discussions
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